Napa Wealth Management Has $968,000 Stake in Saba Closed-End Funds ETF (BATS:CEFS)

Napa Wealth Management raised its holdings in Saba Closed-End Funds ETF (BATS:CEFS) by 34.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 43,489 shares of the company’s stock after purchasing an additional 11,138 shares during the quarter. Napa Wealth Management’s holdings in Saba Closed-End Funds ETF were worth $968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new stake in shares of Saba Closed-End Funds ETF during the third quarter valued at approximately $36,000. Future Financial Wealth Managment LLC bought a new position in Saba Closed-End Funds ETF in the 3rd quarter valued at $44,000. Anfield Capital Management LLC bought a new position in Saba Closed-End Funds ETF in the 2nd quarter valued at $64,000. NBC Securities Inc. increased its stake in shares of Saba Closed-End Funds ETF by 62.4% in the 3rd quarter. NBC Securities Inc. now owns 3,827 shares of the company’s stock valued at $85,000 after buying an additional 1,470 shares during the period. Finally, Calton & Associates Inc. bought a new stake in shares of Saba Closed-End Funds ETF during the third quarter worth $201,000.

Saba Closed-End Funds ETF Stock Down 1.2 %

Shares of CEFS opened at $21.74 on Monday. The stock’s fifty day simple moving average is $22.07 and its 200-day simple moving average is $21.46. The firm has a market capitalization of $201.10 million, a PE ratio of 18.35 and a beta of 0.72. Saba Closed-End Funds ETF has a 12-month low of $19.83 and a 12-month high of $22.14.

Saba Closed-End Funds ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 26th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, August 26th.

About Saba Closed-End Funds ETF

The Saba Closed-End Funds ETF (CEFS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk.